In what has sparked curiosity and difficulty in the crypto community, a Bitcoin user as of late paid a staggering 1.0 BTC, worth $120,381 in transaction costs, in accordance with blockchain tracker Whale Alert.
The unusually excessive price used to be tied to a single Bitcoin transaction, sparking hobby in the crypto community.
đź’¸ A price of 1.0 #BTC (120,381 USD) has correct been paid for a single transaction!https://t.co/1TctuBjO5V
— Whale Alert (@whale_alert) Might maybe presumably perhaps 22, 2025
Whereas transaction costs are generally correct a few greenbacks or much less, even at some stage in community congestion, a 1 BTC price stands out as a predominant anomaly. Some speculate it shall be an error in manually setting the price, a calculated whale switch to safe an announcement or even sorting out the community, nonetheless the actual explanation is unknown as of press time.
A closer look on the transaction on the Whale Alert platform suggests it shall be an error, given the amount of BTC moved by the pockets — lower than 1 BTC. Irrespective of the reason, the transaction underscores the importance of double-checking price settings sooner than taking action.
That will not be the first time such occurrences like came about. In December, a Bitcoin user paid an exorbitant 8.18 Bitcoin (worth $808,564 on the time) for a single transaction, while most effective transferring 0.142 Bitcoin.
Bitcoin hits new file highs
Bitcoin persevered to hover on Thursday, reaching a new file excessive above $111,000. Bitcoin reached $111,903 in early trading hours sooner than trimming some of its beneficial properties to change up 4.01% in the previous 24 hours to $110,536, in accordance with CoinMarketCap info.
Despite a trudge in U.S. stock markets on Wednesday, the impress of the enviornment’s finest cryptocurrency is rising. Bitcoin has historically correlated with equities markets, in particular the know-how-heavy Nasdaq.
JPMorgan CEO Jamie Dimon, a infamous Bitcoin skeptic, launched that the monetary institution will enable prospects to procure the digital currency, adding to the decided news for crypto.
